East Point Retail, Inc., sells professional women's apparel through company owned retail stores. Recent financial information for East Point is provided below (all numbers in thousands) Fiscal Year 3 Fiscal Year 2 Net income $129,600 $66,700 Interest expense 2,600 10,000 Fiscal Year 3 Fiscal Year 2 Fiscal Year 1 Total assets $1,522,528 $1,448,258 $1,291,028 Total stockholders' equity 1,006,892 986,954 723,302 Assume the apparel industry average rate eamed on total assets is 5.0%, and the average rate earned on stockholders' equity is 8.0% for the year ended February 2, Year 3). a. Determine the rate camed on total assets for East Point for fiscal Years 2 and 3. Round to one decimal place. Fiscal Year 3 25 X Fiscal Year 2 b. Determine the rate cared on stockholders equity for East Point for fiscal Years 2 and 3. Round to one decimal place Fiscal Year Fiscal Year 2 % The rate earned on stockholders equity is greater than the rate came on total assets doe to the positive use of leverage d. During fiscal Year 3, East Point's results were strong industry, on average compared to the industry average. These relationships suggest that East Point has more leverage than the